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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks.

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AI Gets an Endorsement from Coalition

Centraleyes

Coalition, a leader in cyber insurance, has added a positive endorsement for artificial intelligence (AI) to its cyber insurance plans for the US and Canada. The endorsement expands the definition of a security failure or data breach to include events caused by artificial intelligence.

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US Treasury Warns of Cybersecurity Risks AI Poses to Financial Sector

SecureWorld News

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

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AI Robot lawyer to assist clients in UK Court Cases

CyberSecurity Insiders

The next time you are about to hear a court hearing in the UK, you better be aware that a company is offering a service for free where an Artificial Intelligence robot can guide you in what to say in the court via an earpiece. Yes, what’ve read is absolutely True!

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GUEST ESSAY: How to secure ‘Digital Twins’ to optimize asset use, while reducing exposures

The Last Watchdog

Add in an increasing focus on data becoming a crucial enterprise asset—as well as the introduction of countless database and analytical tools, digital twins, artificial intelligence, and machine learning—and we are dealing with unprecedented technical complexities and risk.

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Staying Ahead of the Distortion of a Cyber Attack?

Security Boulevard

More and more businesses are using artificial intelligence (AI) to improve efficiency. However, deploying unproven artificial intelligence (AI) could result in unexpected outcomes, including a higher risk of cybercrime. Will cyber insurance continue to be an option that organizations can rely on?